Unite Group Plc (UTG.L) said trading and sales performance in the first four months of the year remained in line with expectations, in line with the fiscal 2026 adjusted earnings per share outlook of 41.5 pence to 43.0 pence.
For the 2026/27 academic year, the British hostel accommodation provider expects occupancy at the lower end of its 93 percent to 96 percent target range and rental growth of 2 percent to 3 percent, compared with 95.2 percent occupancy and 4.0 percent rental growth in 2025/26. This is expected to deliver like-for-like income growth of 0-2 percent.
Unite Group said that across the Unite Students portfolio, 79 percent of the beds have been reserved for 2026/27, compared with 80 percent last year, with stronger direct-let bookings supported by targeted pricing initiatives.
Meanwhile, 47 percent of Hello Student rooms have been reserved for 2026/27, versus 55 percent a year earlier. Booking momentum has recently improved, and the company said that it continues to expect occupancy of around 85 percent.
On the LSE, UTG.L ended Thursday's trading at 481.60 pence, up 1.4 percent.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.